China is set to emerge as the country with the second largest number of wealthy families and overtake Japan, financial and professional services information provider VRL said. China currently has 0.85 million (8.5 lakh) families with assets of more than $1 million (Rs 5 crore). This number will more than double to 2.1 million by […]
Oil prices may hit $115-120 if Middle East instability continues, prominent industry consulting firm Frost & Sullivan has warned. The agency also warned that the fall of oil reserved into the hands of radical groups would be disastrous for the entire world. “On the advent of a civil war, it is expected that the radical […]
Apple said the Fair Labor Association will conduct special voluntary audits of Apple’s final assembly suppliers, including Foxconn factories in Shenzhen and Chengdu, China, at Apple’s request. The FLA conducts independent monitoring and verification to ensure that the FLA’s Workplace Standards are upheld wherever FLA company products are made. A team of labor rights experts […]
India Against Corruption (IAC), the coalition of activists that led the Jan Lokpal bill agitation last year, has rebutted claims of Open magazine, one of the first to try to debunk the larger-than-life image of Anna Hazare last year. In an official statement, the IAC gave a point-by-point rebuttal of the claims of the latest […]
Youtube, the world’s largest online video service has implemented a major revision to the way it is organized, adding sections such as ‘music’, ‘education’, ‘live’ and ‘news’ to the earlier categories of ‘videos’ and ‘movies’. Under the structure, Youtube users can now catch ‘live’ broadcasts – both of specific events as well as of TV […]
Strong iPhone 4S sales helped Apple beat Samsung to become the world’s top smartphone vendor in the last quarter of 2011, technology market research firm Gartner has said in its 2011 update. Thanks to strong sales of its iPhone, which hit new carriers in the U.S., it had a 23.8 percent share in the global […]
Samsung has just launched its latest and greatest tablet — the Galaxy 680 — in India at Rs 33,570 or about $685 (cheapest price, as on Letsbuy.) Before going into the specifications and a review of the Samsung Galaxy 680 tab, it must be noted that the tablet is priced at a nearly 30% premium […]
India will spend about Rs 1.12 lakh crore per year if the Food Security Bill is passed in its current shape, KV Thomas, India’s minister for consumer affairs, food & public distribution said. The amount is nearly 10% of what the central government spends in a year. The number is nearly twice the amount the […]
Wednesday’s statement by the Union minister of Telecom and IT Kapil Sibal has left many decisions intentionally vague. The biggest area where clarify has not been provided by the minister is also the most important — spectrum pricing. Spectrum pricing itself can be divided into two areas — spectrum pricing for new entrants and that […]
The central government seems to have decided to rethink its strategy with regard to the presentation of the Lokpal bill in Parliament, according to remarks by V. Narayanasamy, Minister of State in the Prime Minister’s Office, at the All-India Editors’ Conference on Social Sector Issues. While the government had previously maintained that it had brought […]
The United Steel Workers (USW), the largest labor union in North America, has attacked the Republican presidential nominee candidate Mitt Romney for trying to rob millions of American workers of their jobs and play into the hands of Chinese politicians. The USW, whose members include workers at tire, rubber and other auto-related factories, mentioned only […]
Future Group, the biggest and the most prominent large-format retail chain in India, has chosen India’s third biggest IT services firm Cognizant for its IT needs for the next five years, the companies said in a statement. Future group is estimated to have or have served around 220 million customers — higher than the total […]
Google and HP led the companies with the most number of influential Indians in IT field, a list compiled by Dataquest magazine revealed. IBM, which employs more people in India than in the US, does not have a single top executive who is Indian and is the only significant tech company that is missing from […]
January was not a good month for U.S. home prices, especially in the Midwest, according to Clear Capital’s monthly Home Data Index (HDI). Home prices fell 2.6% in January on a nationwide basis, thanks primarily to a 5.2% dip in the Midwest and a 3.5% fall in Western United States, the report said. Midwest had […]
According to an online poll by global research company Ipsos, 28% of employees in India have a strong desire to go abroad for a full-time job and another 39 percent would “consider” the option. The survey asked employees in 24 countries to consider the opportunity of a full-time job available in another country at least […]
Indian consumers continued to be the most optimistic in the world while confidence levels in the United States and China rose markedly in the last quarter of 2011, according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions. All three countries saw consumer confidence and optimism increasing during the last three months of […]
Malayala Manorama, Kerala’s largest selling newspaper has carried yet another picture of a Christian figure on front page with the allegation that the saint has been pictured in the likeness of Che Guera by Communists. Two days earlier, it had carried a rendition of ‘The Last Supper’ put up by a Left trade union that, […]
Japanese electronics giant Panasonic said media reports on talks over the merger of its semiconductor operations are not “official,” but it is studying “various options.” Various media reports, quoting unnamed sources, said Renesas Electronics, Fujitsu Ltd and Panasonic are in talks to merge their chip operations The talks follow a similar move by Sony, Toshiba […]
Being insensitive to other people’s feelings and concerns and having poor personal hygiene can rapidly turn your first date into your last, according to a pre-Valentine’s Day survey of 2,415 US adults. The survey also found that women are more likely to judge quickly and break off contact if things don’t go smoothly on day […]
Jennifer Aniston was voted the most wanted female celebrity “dream date” for Valentine’s Day, according to the annual Valentine’s Day survey by omg! website from Yahoo! She got 14% of the 2001 votes in the poll. For women, the dream date was George Clooney, who beat Johnny Depp, the last year’s winner, with 19% of […]
